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FOX Business
Apr 3, 2013 11:00am EDT
it. >> thank. cheryl: obama administration pushing lenders to make it easier for people with weak credit to get home loans. peter barnes is in washington with a new controversy from washington. peter? >> hey, cheryl, that's right. sources confirm the obama administration launched a broad push to get mortgages to people with weaker credit records to help them and housing market as interest rates are at record lows. critics worry it's reviving the risky lending practices that created the financial crisis, but the administration, according to the sources, is working with banks, and the federal housing administration, the justice department, and other agencies to help people who want to buy a home, and they may is a lower credit score right now, but they might be able to make a mortgage payment, and they can't qualify because banks are still being very cautious and tight with their lending standards. >> it's very important for lenders to underwrite carefully and make sure that a person can afford the loan across the entire term of the loan. this effort does nothing to change that. all
FOX Business
Apr 4, 2013 1:00pm EDT
in government policy. monday, washington base investment firm hype securities had a report predicting the obama administration would reverse course op big spending cuts that would have hit health insurers. they skyrocketed by 8.5%, a half hour later. the government announced the change in policy the report predicted. while the incident is throwing a spotlight on the controversial political intelligence industry, today's report by the investigative arm of congress concludeed the area is murky saying, quote, the prevalence of the sale of political intelligence is not known and therefore difficult to quantify. while currently little prevents lobbyists and washington insiders from gathering information, top congress could supplement existing gyps and laws to create stricter regulation. melissa: the washington post traveled the 1700 mile route and wrote about the experience in the recently published e-book, and, steve, what inspired you to do this? >> well, just seemed like a good way to bring this object to life rather than sit here and talk about whether or not this piece of paper was go
FOX Business
Apr 4, 2013 11:00am EDT
we keep working, dagen, got to use the mind. dagen: exactly. thank you so much. president obama announced he'll return 5% of the salary in support of federal workers who will be furloughed. 5% is off the 400,000 take home pay equals $20,000. joining us from washington, d.c., what say you about this, mr. moore? >> great to be with you. look, it's a smart political move by the president. he was coming under attack from a lot of republicans for not being, you know, susceptible to same cut in salary that federal workers are, and i think this is a shrewd political move. members of congress should take a 5% cut. i'd permanently cut that pay by 5%. just in terms of fairness, and i hate to use that word, but i think it's a very good policy. dagen: in terms of the political momentum, how much does he get? when you say "shrewd," i think it means we'd have long lasting impact on the political pop pew particularity, think it will? >> maybe. it's a small gesture, but important. i applaud him for it. i'm not saying he's doing this for political reasons. i think he does feel kind of a brotherh
FOX Business
Apr 3, 2013 1:00pm EDT
you for filling us in. >> thank you. lori: the obama administration is pushing to ease mortgage housing standards. peter barnes is in washington with more. peter: the administration wants to make sure that anyone who can take advantage of these low interest rates can do so. the hope is the administration is trying to do this with taxpayer guarantees. sources say that administration is working with banks, the fha, the justice department and other agencies to help homebuyers with lower credit scores. critics worry that this will just sow the seeds for future financial crisis and spare bailouts. >> it is absolutely incredible to me that we are going again in the same direction, so soon after the financial crisis simply because the administration and many others have refused to accept the fact that it was government policy that caused the financial crisis and not the failures of wall street. >> it is very important to make sure that a person can afford the loan. this effort does nothing to change that. all it does is loosen up the credit a little bit to get it to more people who can
Search Results 0 to 3 of about 4